In _____, the organization takes concrete actions against risks.
A) risk management
B) risk analysis
C) risk mitigation
D) risk acceptance
E) risk transference

Question

Quizplus · Accepted Answer

Risk mitigation refers to taking practical actions to minimize or control the impact of risks. It involves implementing strategies to reduce the likelihood of an event occurring or the severity of its consequences. Other options such as risk analysis involve identifying and evaluating risks, risk management involves the overall process of identifying, assessing, and controlling risks, and risk acceptance refers to acknowledging the existence of a risk but choosing not to take any action. Risk transference involves shifting the risk to another party through insurance or contracts.

In _____, the Organization Takes Concrete Actions Against Risks